Accounting & bookkeeping State of the industry report

Take the pulse of Canada’s 2025 accounting and bookkeeping landscape. Uncover industry shifts, explore the benefits of cloud software, and gather crucial insights to navigate the challenges and opportunities for offering advisory services today.

Cover of the State of the Industry report PDF.

The state of the accounting industry? Growth, and lots of it

Here are some of the key insights from our survey of 250 independent accountants and bookkeepers across Canada.

The industry is enjoying higher revenue, higher profits, and more clients

75% of practices reported higher revenue, 76% reported higher profits, and 57% reported adding more clients.

All this growth has practices feeling optimistic

80% say they are optimistic or very optimistic, with large firms the most optimistic (85%).

More firms feel prepared to incorporate AI

90% of firms believe AI will have a positive effect on their practice, and 84% say they are ready to start using it into their workflows.

Illustration of two people climbing a bar chart and climbing higher and higher

This report will help you to . . .

  • Tick

    Understand key shifts

    Equip yourself to make data-driven decisions and position your practice at the forefront of the industry.

  • Tick

    Find growth through advisory

    Unlock new revenue streams and become your clients’ strategic advisor for long-term success.

  • Tick

    Future-proof your practice

    Prepare your practice to thrive in a digital and AI-driven world with insights and actionable advice.

Get the report

Don't miss insights that are shaping the future for Canadian accountants and bookkeepers. Fill in your details to get the full report:

Become a Xero partner

Join the Xero community of accountants and bookkeepers. Collaborate with your peers, support your clients and boost your practice.